Budget Assignment

Budget Assignment
1. Entry level salary
2. Average home cost
3. Average interest rate on home with a mid-range credit score
4. Calculate total loan payment: interest rate times cost of home=total loan payment
5. Divide that by 360 months=mortgage payment
6. Determines transportation costs: gas, insurance, car payment; or cost of public transportation
7. Electricity
8. Utilities: water, trash, sewage
9. Health insurance for a single 23 yrs old
10. Food bill
11. Discretionary spending
12. Answer the analyze questions